{"product_id":"9789811246487","title":"FINANCIAL INFORMATICS: AN INFORMATION-BASED APPROACH TO ASSET PRICING","description":"\u003cp\u003eThe Brody-Hughston-Macrina approach to information-based asset pricing introduces a new way of looking at the mechanisms determining price movements in financial markets. The resulting theory of financial informatics is applicable across a wide range of asset classes and is distinguished by its emphasis on the explicit modelling of market information flows. In the BHM theory, each asset is defined by a collection of cash flows and each such cash flow is associated with a family of one or more so-called information processes that provide partial information about the cash flow. The theory is highly appealing on an intuitive basis: it is directly applicable to trading, investment and risk management — and yet at the same time leads to interesting mathematics. The present volume brings together a collection of 18 foundational papers of the subject by Brody, Hughston, and Macrina, many written in collaboration with various co-authors. There is a preface summarizing the current status of the theory, together with a brief history and bibliography of the subject. This book will be of great interest both to newcomers to financial mathematics as well as to established researchers in the subject.\u003c\/p\u003e","brand":"World Scientific Publishing Co Pte Ltd","offers":[{"title":"Default Title","offer_id":49218574614755,"sku":"00000_00000_00000_00000","price":148.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/usa.kinokuniya.com\/zh\/products\/9789811246487","provider":"Books Kinokuniya USA","version":"1.0","type":"link"}